Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Wednesday, February 24, 2016

Jim Rogers is Short the NASDAQ Composite via ProShares UltraShort QQQ (ETF)



James West:    Jim, why don’t we start with a quick overview of your take on what are the macro factors causing the current meltdown on the S&P 500 and Dow Jones industrial average?
Jim Rogers:    James, the markets in, let’s use the US to make it simpler, have had virtually no significant corrections in seven or eight years, which is very unusual. That’s because of massive amounts of money printing originating in Washington, DC, and massive amounts of debt and spending, deficit spending originating in Washington, DC. And the rest of the world copied us, and now all the major central banks – Japan, Europe, and Britain – are all printing staggering amounts of money, so we have an unprecedented artificial ocean of liquidity floating around the world which has obviously gone into shares, but that cannot go on, James. We have to pay the price.
We’ve had economic slowdowns in the US every four to seven years since the beginning of the Republic; we’re going to have them again, and perhaps they’re starting. And I’m not the only one who realizes there’s a problem; the market’s getting it too. So if you’re looking for a single culprit, look to Washington, DC. But James, we’re all going to get hurt. A lot of people have made mistakes in the last seven or eight years, and we’re all going to suffer.

 Listen to the Full ocastInterview here : http://www.midasletter.com/2016/02/jim-rogers-on-shorting-the-nasdaq-composite-via














Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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